Insider Selling: Kimberly-Clark Co. (NYSE:KMB) Insider Sells $142,334.40 in Stock

Kimberly-Clark Co. (NYSE:KMB) insider Doug Cunningham sold 1,040 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $136.86, for a total value of $142,334.40. Following the completion of the transaction, the insider now directly owns 3,833 shares of the company’s stock, valued at approximately $524,584.38. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kimberly-Clark Stock Performance

NYSE:KMB opened at $136.10 on Friday. The stock has a 50-day moving average price of $127.19 and a 200 day moving average price of $123.33. The stock has a market capitalization of $45.83 billion, a P/E ratio of 25.02, a P/E/G ratio of 3.88 and a beta of 0.38. Kimberly-Clark Co. has a 12-month low of $116.32 and a 12-month high of $146.15. The company has a current ratio of 0.81, a quick ratio of 0.54 and a debt-to-equity ratio of 6.05.

Kimberly-Clark (NYSE:KMB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.40. Kimberly-Clark had a return on equity of 250.28% and a net margin of 9.05%. The business had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $5.08 billion. During the same period in the prior year, the company posted $1.67 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Equities research analysts forecast that Kimberly-Clark Co. will post 7 EPS for the current fiscal year.

Kimberly-Clark Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 2nd. Shareholders of record on Friday, June 7th will be issued a $1.22 dividend. The ex-dividend date is Friday, June 7th. This represents a $4.88 dividend on an annualized basis and a yield of 3.59%. Kimberly-Clark’s dividend payout ratio is currently 89.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Capital Investment Counsel Inc lifted its position in shares of Kimberly-Clark by 0.8% in the first quarter. Capital Investment Counsel Inc now owns 10,019 shares of the company’s stock worth $1,296,000 after buying an additional 75 shares in the last quarter. Connecticut Wealth Management LLC increased its stake in Kimberly-Clark by 4.6% in the 1st quarter. Connecticut Wealth Management LLC now owns 1,755 shares of the company’s stock worth $227,000 after acquiring an additional 77 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. raised its holdings in shares of Kimberly-Clark by 1.6% during the 1st quarter. Comprehensive Financial Consultants Institutional Inc. now owns 5,093 shares of the company’s stock worth $659,000 after acquiring an additional 81 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Kimberly-Clark by 2.1% during the 1st quarter. Essex Financial Services Inc. now owns 3,923 shares of the company’s stock valued at $507,000 after acquiring an additional 82 shares during the last quarter. Finally, First National Bank of Mount Dora Trust Investment Services grew its holdings in shares of Kimberly-Clark by 1.7% in the first quarter. First National Bank of Mount Dora Trust Investment Services now owns 4,817 shares of the company’s stock valued at $623,000 after purchasing an additional 82 shares in the last quarter. Institutional investors own 76.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on KMB shares. JPMorgan Chase & Co. increased their price objective on shares of Kimberly-Clark from $115.00 to $123.00 and gave the company an “underweight” rating in a research report on Wednesday, April 24th. StockNews.com upgraded Kimberly-Clark from a “hold” rating to a “buy” rating in a research note on Thursday, April 11th. Piper Sandler raised their price objective on shares of Kimberly-Clark from $145.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Bank of America increased their price target on shares of Kimberly-Clark from $110.00 to $115.00 and gave the stock an “underperform” rating in a research report on Wednesday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Kimberly-Clark from $127.00 to $132.00 and gave the stock a “hold” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Kimberly-Clark presently has an average rating of “Hold” and a consensus price target of $134.85.

About Kimberly-Clark

Kimberly-Clark Corporation, together with its subsidiaries, manufactures and markets personal care and consumer tissue products in the United States. It operates through three segments: Personal Care, Consumer Tissue, and K-C Professional. The company's Personal Care segment offers disposable diapers, training and youth pants, swimpants, baby wipes, feminine and incontinence care products, reusable underwear, and other related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Thinx, Poise, Depend, Plenitud, Softex, and other brand names.